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STOCKHOLDERS' EQUITY
 6 Months Ended
Sep. 30, 2016
Equity [Abstract]  
STOCKHOLDERS' EQUITY

(E) STOCKHOLDERS’ EQUITY

A summary of changes in stockholders’ equity follows:

 

 

 

For the Six Months

Ended September 30, 2016

 

 

 

(dollars in thousands)

 

Common Stock –

 

 

 

 

Balance at Beginning of Period

 

$

485

 

Purchase and Retirement of Common Stock

 

 

(9

)

Issuance of Restricted Stock

 

 

1

 

Stock Option Exercises

 

 

5

 

 

Balance at End of Period

 

 

482

 

 

Capital in Excess of Par Value –

 

 

 

 

Balance at Beginning of Period

 

 

168,969

 

Stock Compensation Expense

  

 

6,157

 

Shares Redeemed to Settle Employee Taxes

 

 

(2,965

)

Stock Option Exercises

 

 

18,481

 

Purchase and Retirement of Common Stock

 

 

(60,004

)

 

Balance at End of Period

 

 

130,638

 

 

Retained Earnings –

 

 

 

 

Balance at Beginning of Period

 

 

882,486

 

Dividends Declared to Stockholders

 

 

(9,672

)

Net Earnings

 

 

105,581

 

 

Balance at End of Period

 

 

978,395

 

 

Accumulated Other Comprehensive Loss -

 

 

 

 

Balance at Beginning of Period

 

 

(11,409

)

Change in Funded Status of Pension Plan, net of tax

 

 

624

 

Balance at End of Period

 

 

(10,785

)

 

Total Stockholders’ Equity

 

$

1,098,730

 

 

We repurchased 263,800 shares at an average price of $79.15 during the three months ended September 30, 2016. At September 30, 2016, we have authorization to purchase an additional 4,817,200 shares.